Box Hill North is an established suburb in Victoria within the Whitehorse local government area (postcode 3129). With a population of 12,337, the suburb has a mix of families and early-career residents with a median age of 37. Households earn a median income of $95K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Chinese, English, Australian.
The median house price in Box Hill North is $1.3 million, having ticked up by 0.5% over the past year. Units have a median price of $858,000 (-2.7% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,297.
Box Hill North is served by 3 schools, including 2 primary, 1 special. The average ICSEA score is 1102, which is well above the national average of 1,000. Public transport access includes 18 rail stations, 38 bus stops. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
On the investment side, Box Hill North shows a gross rental yield of approximately 2.4%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 14.2x is considered stretched. House prices have moved +0.5% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.